Legal
Australian watchdog finds widespread inappropriate advice at HSBC
ASIC has finalised its monitoring of HSBC Bank Australia Limited’s (HSBC) compliance with the court enforceable undertaking (EU) entered into by HSBC on 13 May 2016 (refer 16-145MR). The EU followed a proactive ASIC surveillance of HSBC's advice on retail structured products. ASIC’s surveillance found instances between January 2009 and…
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